Monday, May 24, 2010

Market Insight

As advised on previous blog any rise in the market would be a sell opportunity.Nifty could not sustain to its high and fell sharply in the close.

Support for the day is 4830 and resistance is 4900 .Indications are very clear that expiry would be in the range of 4800-4880.

Weakness remains in the market which gives a fear of testing 4650 in the June contract.

Followers